Florida Real Estate Exam Study Guide with Complete Solutions
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Course
Florida real estate
Institution
Florida Real Estate
Florida Real Estate Exam Study Guide
with Complete Solutions
Owners that buy income properties as investments and depend on professionals to
manage them - Answer-Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - Answer-CM...
Florida Real Estate Exam Study Guide
with Complete Solutions
Owners that buy income properties as investments and depend on professionals to
manage them - Answer✔✔-Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - Answer✔✔-CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications - Answer✔✔-Custom Building
When a contractor builds on his own land with the hope of locating a purchaser
after construction has been completed - Answer✔✔-Speculative building
A developer that acquires a large that aquires a large tract of land and builds a model
center from which sales may be made - Answer✔✔-tract building
Property management has grown as a service of real estate primarily bc of an increase
of _______ _________ - Answer✔✔-Absentee Ownership
The category of construction that applies when a property owner employs a contractor
to build on his or her lot is called________ ___________ - Answer✔✔-Custom
Building
A Real Estate appraiser's fee for professional service is based on:
________ before taking the state exam. - Answer✔✔-one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant
for the same complex. - Answer✔✔-$50
________ ________ education must be completed during the initial sales associates's
license period. - Answer✔✔-Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - Answer✔✔-d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed for a
minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker - Answer✔✔-c. 12 months
under 1 or more actively licensed brokers
How many hours of postlicense education are required to renew a brokers license? -
Answer✔✔-60 hours
3/25
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